Episode Details

America’s housing market is stuck in place as record-low relocation rates reshape the nation—thanks to the mortgage lock-in effect, where homeowners stuck with low-rate loans can’t afford to refinance at today’s higher rates. Fewer moves mean fewer homes on the market, driving prices up and slowing turnover. Workers are staying put, too, as the cost of moving and buying new makes big career moves financially unappealing. Even renting out your current home to fund a move rarely pays off anymore, with expenses outpacing rental income. The result? A nationwide gridlock where staying put isn’t a choice—it’s the only financially viable option.

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